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ROC downgraded by rating agency

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Visitor


Joined: 19/08/2010
Posts: 492

Message Posted:
27/07/2011 17:44

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Message 1 of 11 in Discussion

http://www.bbc.co.uk/news/business-14309971



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
27/07/2011 18:26

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Message 2 of 11 in Discussion

They'll blame it in on the deadlock talks to unite the Island to fulfill their economic commitments because the TC's & T's have taken the more viable part of Cyprus to make their EU & membership work!!



Richard



tonyf


Joined: 29/03/2009
Posts: 153

Message Posted:
27/07/2011 19:02

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Message 3 of 11 in Discussion

More european mismanagement. How did ROC believe that entering a club that was going to bail out every insolvent country, formerly the eastern block, was going to be roaring success beggars believe. Yes the south has had investment, but at what price? It will inevitably follow the lead of Ireland and yes Greece. Thank God britain stayed out of the single currency, at least to some degree we are the masters of our own destiny. If TRNC had a viable and honourable government it could steal a lead on its southern cousins.



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
27/07/2011 19:39

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Message 4 of 11 in Discussion

The boys on the Cyprus forum say it is Turkey going bust not them, bless em.



newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
27/07/2011 20:04

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Message 5 of 11 in Discussion

Troodo,



Erdogan is saying that the Euro crisis,will have no effect on Turkey,



Paul.



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
27/07/2011 20:35

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Message 6 of 11 in Discussion

newlad.

As you are aware, in 2001 Turkey were forced to radically change, seems to have worked.



newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
27/07/2011 20:40

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Message 7 of 11 in Discussion

Fair point Troodo,it will affect the Turkish Cypriots that work in Southern Cyprus though,



Paul.



newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
27/07/2011 22:47

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Message 8 of 11 in Discussion

http://famagusta-gazette.com/turkish-cypriot-workers-feel-greek-austerity-p12614-69.htm



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
27/07/2011 23:40

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Message 9 of 11 in Discussion

newlad.

They are getting a taste of how it could be in the future, as a minority. Let's hope it is a learning curve.



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
28/07/2011 09:17

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Message 10 of 11 in Discussion

According to Gurcafer, another reason for the decline in crossings is the rising nationalism in the government-controlled are of the island.



Surely not, the GC's love their TC brothers.



newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
28/07/2011 21:02

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Message 11 of 11 in Discussion

And also the jobs are being taken by polish and Sri-Lankan workers,



Paul.



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